Mortgage and Financial News From 2007-8-30 Page 7

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  • Stocks Bounce Back Amid Talk Of Interest Rate Cut (The Tampa Tribune)

    NEW YORK - Stocks rebounded sharply Wednesday as investors, growing more optimistic about chances for an interest rate cut, sought bargains after the previous session's huge tumble. The Dow Jones industrials gained almost 250 points.
    2007-08-30 01:44:02
  • Czech central bank raises key interest rate by 25 basis points to 3.25 pct (The Forex Market)

    PRAGUE (Thomson Financial) - The Czech central bank (CNB) raised its main interest rate today by 25 basis points to 3.25 pct as it continues a rate tightening campaign aimed at cooling consumer spending and putting the brakes on inflation.
    2007-08-30 11:05:47
  • Possible interest rate cuts give Wall Street a boost (The Wichita Eagle)

    Stocks rebounded sharply Wednesday as investors, growing more optimistic about chances for an interest rate cut, sought bargains after the previous session's huge tumble. The Dow Jones industrials gained almost 250 points. Many investors believe the Federal Reserve will cut interest rates at its next meeting on Sept. 18 or even sooner and were preparing for Fed Chairman Ben Bernanke to hint at ...
    2007-08-30 06:03:27
  • C.D. Howe Institute's Monetary Policy Council Calls for Bank of Canada to Maintain its Benchmark Interest Rate Target ... (CNW Group via Yahoo! Finance)

    The C.D. Howe Institute's Monetary Policy Council today recommended that the Bank of Canada maintain its target for the key overnight interest rate at 4.50 percent when it makes its next announcement on September 5.
    2007-08-30 06:35:00
  • FACTBOX-European firms' exposure to U.S. subprime market

    Reuters - Last: Aug 30 (Reuters) - Concerns over potential losses linked to the U.S. subprime mortgage market have prompted a number of European companies to state the extent of their exposure. Following is a list of companies that made related statements from ...
    2007-08-30 01:38:00
  • Credit, mortgage problems seen pressuring brokers' earnings

    Stockhouse Canada - under pressure as credit problems remain a thorn in the markets' side with analysts warning about brokerage profits and several companies saying the outlook for the mortgage market remains bleak.Shares of major U.S. brokerages led the early decliners ...
    2007-08-30 04:29:00
  • Merkel lashes out at ratings firms

    CNN Money - There is also little transparency at the ratings agencies that rate certain companies. If we look at how the mortgage crisis happened, we have often experienced that what was rated highly in the end turned out to be much more unstable," she said.
    2007-08-30 03:18:00
  • Cayman Islands court orders liquidation of Australian-run hedge fund

    International Herald Tribune - More than 100 U.S. mortgage companies have been forced to stop their operations or try and seek a buyer; two funds run by U.S. investment house Bear Stearns are in bankruptcy; and the German bank IKB had to be bailed out by other German banks. Despite ...
    2007-08-30 01:16:00
  • Another Detour for H&R Block

    Street.Com - Firings have swept the mortgage industy in recent weeks, with companies ranging from Accredited Home Lenders ( LEND - Cramer's Take - Stockpickr ) to Capital One ( COF - Cramer's Take - Stockpickr ) swinging the ax. H&R shares rose 1.8% Thursday, as Wall ...
    2007-08-30 06:10:00
  • H&R Block's Option One sale in doubt

    CNBC - Ernst said Option One is no longer making home loans that are not eligible for purchase and guarantee by mortgage companies Fannie Mae and Freddie Mac . The new guidelines mean Option One may make only $200 million of loans a month ...
    2007-08-30 11:36:00
  • What’s Behind the Sub-Prime Disaster

    Common Dreams - Most mortgage loans today are originated by largely unregulated mortgage companies, which are not banks and which have little of their own capital at risk. They are free to devise complicated, far-fetched mortgage products and to lend to people who ...
    2007-08-30 03:32:00
  • GSE regulator sees portfolio cap as binding - Freddie

    Reuters - Last: WASHINGTON, Aug 30 (Reuters) - The federal regulator for mortgage finance companies Freddie Mac (FRE.N: Quote , Profile , Research ) and Fannie Mae FNM.N sees a cap imposed on the companies' investment portfolio as binding, Freddie's chief ...
    2007-08-30 06:17:00
  • Triad Guaranty Inc. Comments on Fitch Revisions to U.S. Mortgage

    MSN MoneyCentral - WINSTON-SALEM, N.C., Aug. 30 /PRNewswire-FirstCall/ -- Triad Guaranty Inc. TGIC , announced today that Fitch Ratings (Fitch), consistent with its revision of its capital model for U.S. mortgage insurance companies, has changed the financial strength ...
    2007-08-30 04:44:00
  • Kentucky to manage mortgage licenses via national database

    MSN MoneyCentral - The system will manage the licenses of all mortgage companies and individual agents in Kentucky. Regulators will use it to process license applications and renewal requests. Beginning Jan. 2, OFI will require companies that wish to apply for a new ...
    2007-08-30 02:13:00
  • Mortgage Lender Thornburg Fights Credit Crunch

    MSN MoneyCentral - Lenders are reluctant to finance anything related to home loans so mortgage companies are turning to another source. Thornburg Mortgage followed the lead of Countrywide Financial Thursday when it announced a stock issue to raise money. Thornburg ...
    2007-08-30 03:54:00